Anderson, Clayton may talk with Bear, Stearns.
- Share via
The Houston company said it would discuss the $54-a-share offer from Bear, Stearns & Co. and Gruss & Co. if the two New York investment firms dropped their opposition to the company’s $45-a-share recapitalization plan and also stopped buying Anderson, Clayton stock. Bear, Stearns-Gruss said it would only agree to halt its stock purchases. The investment firms sued Anderson, Clayton in Delaware Chancery Court claiming that it isn’t bargaining in good faith.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.